The Bank of England held interest rates steady at 4.25% during its policy meeting yesterday but signalled a growing appetite for easing in the near term.
Notably, three members of the Monetary Policy Committee voted in favour of a rate cut—up from two at the previous meeting—suggesting momentum is building toward a potential reduction in August.
UK businesses continue to face a challenging environment, grappling with rising operational costs due to increases in national insurance and the minimum wage. These pressures are tightening profit margins and contributing to a weakening labour market.
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